The AB=CD pattern is easy to identify on charts and consists of 2 equivalent price legs. It has specific Fibonacci measurements of each point within its structure, eliminating room for flexible interpretation. The C point must retrace to either a 0.618 or 0.786 and the BC projection is either 1.27 or 1.618. When the BC projection and the AB=CD completion converge closely and define a small area, the chance of a reversal increases.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level is behind a structure level beyond the D point. Conservative traders may look for additional confirmation before entering a trade, for instance an aligning RSI value or a specific candlestick pointing at a reversal. TradingView has a smart ABCD Pattern drawing tool that allows users to visually identify this pattern on a chart. There are several variations, based on CD being an extension of AB such as the 1.27 AB=CD or the 1.618 AB=CD pattern.
EURUSD AB=CD together with Good Structure
Today Gap up and make higher high
so short temr trend is bullish.
therefore we can use the AB=CD to anticipate
another bullish wave and we can short the completion.
Look left ,there is also a very good reversal structure
we can rely on.
Plan:
Short EURUSD from 1.1439-1.1470
SL above 1.1505
Aim for a big fall
Alright so here is a good setup i have come across now that the markets have closed .. unfortunately i am currently in GA longs which i have not exited for the weekend .. hoping for one last push up (liquidity spike) then the sell from this potential daily supply area in confluence with the 78.6 FIB level and the 4hr ABCD Pattern .... Great Risk to Reward ...
#BTCUSD update, still #BearishTrend.
Not suited for beginners, H4 chart!!! (I had to place most of the tools on the same chart, for this post, except the EW counting and Harmonics).
Whether you like it or not, #Bitcoin represent the whole #crypto #MarketSentiment. And it still respecting the $4400 level (see my previous charts from Facebook or google it "fx lord ...
If you follow my ideas you know that I am strong Bull in EURNZD. I have had loses because of it recently however I still do believe in it's HUGE rising potential.
What could I see on a chart:
1. Rising channel (Channels are generally very strong & it is my favorite analysis method). We are close to bottom of a channel, so some huge risk of further falling ...
Gold Approach 0.382 and important Resistance
AB=CD complete at 1235
0.382 retracement at 1238.41
Previous Structure aslo at same level.
Therefore we can short gold at this level
If price action is bearish.
Look for Pin bar , inside bar break down and Engulfing
Candles
TP1: 1208
TP2: 1195
After putting in a retracement to retest previous structure lows the S&P is now trading at the right should of what may turn out to be a head and shoulders bottom pattern.
The head and shoulders is a classic reversal pattern & IF completed I would predict that we're likely to retest the previous structure highs which line up at a one - to - one measured move & a ...
Guys, This is for China's Stock Indices
The Shanghai Composite has hit AB=CD level 2550 and also the orgin of the 2015's bullish move
It's good to buy China Stocks and hold until 3000 and 3450
China A50
China 300 ETF : (A share code: 510310 )
Or maybe you can consider some Related products in Hong Kong Exchange.
Good Luck!
USDCAD Multiple AB=CD
Guys, from the chart we can see there are
Two groups of ab=cd (Red Color)
and they formed a BIG AB=CD (Black Color)
Therefore the USDCAD can still move higher
till 1.3575- 1.3640 area
However, Knowing where it might go
wouldnt help you make money.
We need a Trading Plan to enter !
Solution:
Find pull back of USDCAD (1.3060-1.3080) to ...
A look at how to trade the market when it's in consolidation, but using multiple trading techniques & putting them together to build a case for entry.
Akil
Retesting prior broken trend line
Retesting short term falling trend line
ABCD completed at 1.271 extension
Stochastic overbought
Shooting star candle
Earlier longer term setup here
https://www.tradingview.com/x/Bd89rSIT/
hey trades,
on pound aussie dollar this morning we have almost completed bearish abcd pattern.
though the completion point is strictly 1.785,
I will be focused on 1.78-1.79 zone, and confirmation signals inside of it.
Looking left we see that the market is approaching a very decent level of structure.
And last year the ...
We found a nearly completed pattern in a support zone, for which we place a buy limit order in this zone.
Se encuentra un patrón cerca de completarse en una zona de soporte por lo que se coloca una orden de compra límite.
This morning we were able to capture 1st targets on a USDJPY potential bullish breakout and I wanted to stop by for a second & talk about secondary opportunities to get involved as well.
Now before we get started please understand that it was a little difficult to fit the entirety of this trade idea on to the chart as multiple timeframe analysis was involved, ...
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